China’s economy shrinks sharply in Q2 on zero-COVID policy, GDP plunges to 0.4%| Latest English News

China’s economy contracted sharply in the second quarter plunging to 0.4 per cent, the lowest in two years, as the world’s second largest economy was hit hard by the zero-COVID policy.

#China #Economy #ZeroCovidPolicy

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[Bobbytrades]

My greatest happiness is the $32, 000 bi-weekly profit I get consistently despite the economic fluctuation…

[firetree]

in 2014, when BJP Modi got elected, Indian rupee to USD is 63 rupee to $1. now, it is 80 to $1, good job Modi !

[AmericanDayDream]

Waiting for US second quarter GDP, which is estimated at -1%. Americans have no zero COVID policy, how come the number could be negative 🤮

[coldness]

Why y’all obsessed with china. It definitely means China is winning.

[xxoo-lpvc]

The European buying spree occurred even as Emea investors pulled money from both US equity ($900mn) and European equity ($800mn) ETFs.
“European investors are not really buying US equities, not really buying Europe, but they are buying China. That’s a marked change in global flows, ” said Natasha Sarkaria, investment strategist at BlackRock.

[tca]

This is absolutely NOT TRUE!!! It should be somewhere at the deep negative

[chocotv]

Forget that economy just continue zero covid policy by closing all businesses. The most important thing is, people are safe!

[NA-jdlx]

India’s economy aswell as growth is also not in a goody goody position, can he have a detailed report on India’s economic condition including falling currency value .

[dextermorganbloodspattersp]

If anyone eats Bumbohole BattSoup 🦇 their lips 👄 will SHRINK ‼️

BlessUp India 🇮🇳 and Wion StaySafe 🦅🏆😎

[StevenSmith-mkfg]

Most of China's GDP growth over the past 5 years has come from the real estate/construction sector. It's not a real economy as you can now see with that sector going bust. This is not to say it's only China mind you. The reality is that the global economy as a whole is going to shrink.

[firetree]

One important aspect in GDP is the trading in surplus, in this aspect, India contributed huge to China, so thank you, please keep doing the good job.:)

[morningstararun]

Yeah, worry more about China's economy lol.... while India's economy is at its best performance 😂😂

[firetree]

India trade with China got another record high, with 34% growth over the last year, among it, 45% increase in importing from China, only 0.6% increase from exporting to China.

[xxoo-lpvc]

JULY 8 2022 Western investors flock to China equity ETFs
Western investors pumped a record amount into Chinese equity exchange traded funds in June as the mainland stock market surged ahead of its major rivals.
The flood of cash into the Shanghai and Shenzhen bourses came as the country’s draconian Covid lockdowns were eased and regulators telegraphed a less severe approach to policing China’s tech sector almost a year after kicking off an unprecedented crackdown.
Both US and European investors poured record sums into the Chinese market, with US-listed ETFs taking in a net $4bn and those domiciled in the Europe, Middle East and Africa region sucking in $1.8bn, according to data from BlackRock. The combined total of $5.8bn comfortably exceeds the previous record of $4.3bn set in January.

[hindustanimapper]

Recession on the way. We must quit humanity and return to monke ASAP

[kellybartok]

Hello, China did not have to lock down the Country, why weren’t we in lock down lately things seem normal here for now I guess ? Something doesn’t add up here ?

[xxoo-lpvc]

2nd half of 2022 GDP relative to others country will surprise everyone ..😅 Actually investors taking shelter in China stocks already started.

[discoverchina]

But China achieved huge GDP growth last year
So China’s economy is better than India in long run

[bois]

lmao i can see again chinese bot crying about india again oh yah i forgot china so called hacker squad spamming

[firetree]

India rupee dropped more to Chinese RMB than to USD, in 2014, 6.5 rupee to 1 RMB, now, 11.16 to 1 RMB. even though, with such low value, India keep importing more goods from China. so it would be cheap for Chinese to visit India, just no one wants to go. :)